Cement News tagged: Corporate
Saudi Arabian Cement Co Board recommends US$53.3m Capital hike
The management board of Saudi cement producer Arabian Cement Company (ACC) proposed on June 12, 2005 a 200m Saudi riyal (US$53.3m/€41.4m) capital increase to 800m riyals (US$213.3m/€165.5m).
Thai Kim Eng to advise on TPI Polene share sale
Kim Eng Securities (Thailand) has been chosen to advise Thai Petrochemical Industry (TPI) on selling its 30 per cent stake in cement maker TPI Polene, TPI’s debt administrator said.
Siberian Cement to place debut bond issue on June 16
The Siberian Cement holding company (Kemerovo) will begin placing a R800m debut bond issue on June 16.
Thailand: Phatra Securities puts SCC on "buy" list
Siam Cement has announced plans to reduce its holding in Michelin Siam Group from 40 per cent to 10 per cent by offloading to France’s Michelin Group prior to 2008, The Nation reports.
Cement and concrete group has come a long way to be on hold.
Hanson, the company that made its name in the 1980s as an acquisitive corporate raider before "conglomerate" was a dirty word, is now a more down-to-earth business. Aggregates,
Taiwan Cement May parent sales 2.39 bln twd vs 2.41 bln
Taiwan Cement Corp its parent sales in May fell to 2.39bn twd from 2.41bn in the same month a year earlier.
TPI likely to auction cement unit stake next week
Thai Petrochemical Industry is expected to sell its 30 per cent stake in Thailand cement maker TPI Polene by auction next week in a bid to raise US$250m, a member of TPI’s debt administration sa
Government to move BRPSE to bail out CCI
The Ministry of Heavy Industries, Government of India, proposes to move the Board for Reconstruction of Public Sector Enterprises (BRPSE) to seek Rs886-crore loan-cum-interest waiver for Cement Corpor
Taiheiyo sees pretax profit rising, Japan
Taiheiyo Cement Corp expect group pretax profits to rise in the year ending March 31, 2006, thanks to price hikes and streamlining efforts.
Cemex secures $1.9bn revolving credit to pay debt, Mexico
Cemex SA has secured $1.9bn in two revolving credit facilities that it will use in part to refinance debt associated with its recent acquisition of RMC Group, one of the leading banks said Tuesday.
Mexico’s Cemex to take loan up to $1.2bn
Cemex has reached a deal to borrow up to $1.2bn in two tranches from a group of banks. The company plans to use the proceeds of the loan to pay down other debt, the source said. Cemex declined commen
Padang needs investment funding
President Director of PT.Semen Padang, Dwi Soetjipto said the state cement producing company needed Rp315 billion for restructuring and improving company’s financial condition. "However, of tha
Kyivtsement ends 2004 with loss
The Ukrainian Kyivtsement company ended the year 2004 with a loss of UAH 5.67 million. According to the statement, Kyivtsement’s net revenues fell by UAH 7.12 million or 158.5 per cent to UAH 4.
Joe Berardo to build Cimpor stake – bid expected
Portuguese businessman Joe Berardo plans to continue adding to his stake in Cimpor - Cimentos de Portugal SGPS in expectation the cement maker will be the target of a takeover bid, he told Lusa newsag
Cimpor to spend EUR 130m on acquisitions in 2005
Portuguese cement producer Cimpor plans to spend close to EUR130m (US$159.71m) on various acquisition in 2005.
HeidelbergCement to double Indocement stake to 65.1%
HeidelbergCement AG plans to double to 65.1 per cent its stake in the Indonesian cement company Indocement, the company said.